Horizon Community Development Corporation

EIN: 731689770 501(c)(3) Housing & Shelter

Johnson City, TN

Total Revenue
$302,556
Total Expenses
$379,491
Total Assets
$2,534,561
Net Assets
$2,142,432
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
TN
Principal Officer
Sherry Trent
Phone
4232624321
Tax Period
2023-07-01 to 2024-06-30

Horizon Community Development Corporation, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $303K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $379K exceeded revenue, resulting in a 25% operating deficit.

Mission

Provide safe affordable housing for low income families.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $302,556
TOTAL REVENUE $302,556

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $379,491
Other Expenses $374,491
TOTAL EXPENSES $379,491

Year-over-Year Comparison

2023 2022 Change
Revenue $302,556 $392,828 -0.2%
Expenses $379,491 $331,632 +0.1%
Net Income $-76,935 $61,196 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
20
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ernie Stoltzfus Member N/A
Director
$0 $0 $0
Robert Williams Member N/A
Director
$0 $0 $0
Lee Chase Vice Chair N/A
Officer Director
$0 $0 $0
Ken Rea Member N/A
Director
$0 $0 $0
Phil Carriger Treasurer N/A
Officer Director
$0 $0 $0
Cindy Winn Chair N/A
Officer Director
$0 $0 $0
Shawn Porter Member N/A
Director
$0 $0 $0
Steve Baldwin Member N/A
Director
$0 $0 $0
Rose Neese Member N/A
Director
$0 $0 $0
Virginia Robinson Member N/A
Director
$0 $0 $0
Beverly Stevens Member N/A
Director
$0 $0 $0
Bethany O'Leary Member N/A
Director
$0 $0 $0
Ashlee Ebberts Member N/A
Director
$0 $0 $0
Jeff Linville Secretary N/A
Officer Director
$0 $0 $0
Ron Von Essen Member N/A
Director
$0 $0 $0
Micha Collie Member N/A
Director
$0 $0 $0
Amy Baldwin Member N/A
Director
$0 $0 $0
Todd Smith Member N/A
Director
$0 $0 $0
Linda Broyles Member N/A
Director
$0 $0 $0
Barry Drummond Member N/A
Director
$0 $0 $0
Sherry Trent CEO 040.00
Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $302,556 $379,491 $2,534,561 $-76,935
2023 $392,828 $331,632 $2,405,406 $61,196
2022 $283,909 $416,914 $2,491,554 $-133,005
2021 $301,127 $413,635 $2,575,858 $-112,508
2020 $45,869 $626,881 $2,651,550 $-581,012
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